ACI
3I0-012 · Question #77
Confirmations of non-prime brokerage deals using CLS should be exchanged:
The correct answer is A. within 2 hours after deal agreed with counterparty. See the full explanation below for the reasoning.
Question
Confirmations of non-prime brokerage deals using CLS should be exchanged:
Options
- Awithin 2 hours after deal agreed with counterparty
- Bbefore the value date of the trade
- Cby the end of the trade date
- Dwithin 24 hours
How the community answered
(30 responses)- A70% (21)
- B10% (3)
- C3% (1)
- D17% (5)
Community Discussion
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